Ebay programmers are effectively shutting down their own business, at least over Europe as they react to hackers raiding their database of passwords.

Ebay thought it would be a genius plan to force users to change their passwords by taking them to a screen to do it when they attempt to log in. The only problem is that they do not appear to have encoded the system to realise that someone has changed their password already.

As a result a person who changes their password is taken back to a screen which asks them to change their password again. Meanwhile users cannot do what they want to do on ebay such as buy and sell products.

“Ebay’s own programmers have done more damage to the company that any hacker could,” said one angry user who has been shut out of her dream box, which is a capital offence in Italy.

We wrote to Ebay to ask them about the problem and they appear to have ignored us. So far we have had two reports of people being locked out by Ebay’s autocratic password changing system one in the UK and one in Italy.

Online book seller Amazon managed to surprise the cocaine nose jobs of Wall Street with quarterly results that were much better than expected.

Amazon posted a narrower quarterly loss and grew sales by a better-than-expected 24 percent. The revenue performance indicated strong momentum of the world's largest Internet retailer going into the crucial U.S. holiday season. It apparently needs a running start because Christmas is expected to be miserable this year for retailers.

Ebay gave a disappointing holiday forecast saying the U.S. economic environment is pants due to the Republican party shutting down the government because the country voted for Obamacare during in the last election.

Amazon forecast sales of between $23.5 billion to $26.5 billion. Much of that growth came from its home market, where net sales leapt 31 percent to $10.3 billion as a faster delivery by a growing network of distribution centres drove customer demand, Amazon said. International sales also expanded 15 percent, up from 13 percent in the previous quarter.

It was just a matter of time before someone decided to sell their engineering release HD 7990 that AMD already sent out to selected members of the press for reviews and one of those cards have found its way to eBay, where it is now selling on an auction with the price currently standing at US $1,275.00.

The user selling it claims that the graphics card in question has been tested and according to its specification list, it works at 950MHz for the GPUs and feature 6GB of GDDR5 memory (3GB per GPU) clocked at 6GHz. The auction should be quite real as according to our info, the new HD 7990 Malta should be already happily working in the hands of selected few and the pictures look real.

To be honest, the pictures look quite good, and although it is quite a risky move to seel an engineering release, we now have a set really nice pictures of the upcoming reference Radeon HD 7990 graphics card.

According to our info, the new graphics card reviews should be up on the 24th of April so reviewers will have these seven days ahead of us to bring us those well needed results.

According to Reuters s eBay was trying to build a rival service at the time. The pair have been hitting each other with handbags for years in civil court over allegations that online giant eBay took a stake in Craigslist and then misappropriated confidential information while it secretly planned its own classifieds site.

Now prosecutors have subpoenaed seeks information regarding several eBay personalities, including founder and Chairman Pierre Omidyar and Joshua Silverman, the former Skype chief executive who served as eBay's representative on Craigslist's board.

eBay spokeswoman, Amanda Miller, said the company would cooperate in any inquiry related to the disputes with Craigslist but added that the online auctioneer believes that Craigslist's allegations against eBay are without merit.Many of the requests in the subpoena match word for word language in another civil lawsuit filed by Craigslist against eBay.

Apparently, an iPhone 4 prototype made its way to eBay and has managed to hit quite a hefty price, which we fear will only give Apple’s overlord new pricing ideas.

The device is said to feature a label reading ‘DF1692’ in the lower right corner and another one in the back that says ‘XXGB’. However, it cannot be activated through iTunes and the user didn’t have much luck with AT&T’s SIM card either. The serial number is not recognized by Apple but the SIM tray and IMEI numbers confirm the device is a tester.

We checked on eBay and the last bid stands at $1,700. It is a bit strange seeing the prototype outprice the real deal, but we've grown to expect absurdities from Apple fanboys.

Auctioneers Ebay has said that it will write a cheque for $2.4 billion for GSI Commerce.

The outfit runs websites for retailers like Toys R Us and Bath & Body Works. EBay hopes the sale will help it become more of a threat to Amazon.com.

GSI is pretty big. It runs websites, packs and ships products and offers interactive marketing services to a variety of retailers. It has long-term contracts with 180 retailers, including Radio Shack, Ace Hardware and American Eagle Outfitters. EBay has been working on improving its eBay.com website by doing things such as revamping its home page, cutting upfront listing fees it charges sellers and bolstering its search engine.

The $2.4 billion total is the second-largest amount eBay has paid for another company thus far. In 2005 eBay paid $2.6 billion for Internet calling and messaging service Skype, which it has since flogged off.

As part of the acquisition, eBay plans to sell GSI's licensed sports merchandise business and 70 percent of shopping sites RueLaLa.com and ShopRunner.com. EBay hopes to complete the deal by the end of the year.